Browsing: NZD/USD Forecast

The New Zealand dollar had a positive week, despite some worrying signs on the domestic front. We now get the word from the RBNZ. Will they remain dovish? Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The New Zealand economy grew by only 0.4% q/q in Q4 2016. This was short of 0.7% predicted and the report included a downgrade for Q3 to 0.8%. The report stalled the rally in NZD/USD that was driven by the Fed’s dovish hike (see the 5 dollar downers) and the pair struggled to hold onto 0.70. NZD/USD daily graph with support and resistance lines…

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The New Zealand dollar made more moves to the upside, but this reversed as the Federal Reserve became hawkish. What’s next? The milk auction is the next big thing. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. New Zealand’s trade balance deficit widened to 285 million NZD, worse than expected. The publication took its toll on the kiwi, but the currency eventually recovered, also thanks to an upbeat measure of commodity prices, up 2% as well as better terms of trade, a rise of 5.7%. The US dollar enjoyed optimism about a March rate hike but suffered from the…

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The New Zealand dollar gained some ground, recovering previous losses. Trade balance stands out in the upcoming week. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. After a few positive auctions, the GDT Price Index disappointed with a drop of 3.2%. Milk prices have seen better days. On the other hand, PPI Input slightly beat expectations with 1% instead of 0.9% predicted. In the US, an ongoing disillusion with Donald Trump is hurting the greenback. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: Visitor Arrivals: Sunday, 21:45. Tourism plays an important role in New Zealand’s economy.…

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The New Zealand dollar tried to recover amid less noise. PPI and the milk auction stand out. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. New Zealand retail sales missed expectations with a modest rise of only 0.8% and a miss also on the core. The US dollar struggled to make gains despite stronger than expected retail sales and inflation figures as well as an upbeat sounding Yellen. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: PPI: Sunday, 21:45. New Zealand releases its Producer Price Index only once per month, making every publication quite important.…

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The New Zealand dollar suffered from the dovishness of the RBNZ. Can it recover? Retail sales stand out now. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The Reserve Bank of New Zealand did not really acknowledge the strength of the economy and did not open the door to rate hikes. This weighed heavily on the kiwi, that plunged. The interest rate remained at 1.75% while inflation expectations have risen to 1.9%. Milk prices continued advancing with 1.3% this time. In the US, President Trump has not been so vocal this time. NZD/USD daily graph with support and resistance lines…

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The New Zealand dollar enjoyed the weakness of the USD dollar to rise nicely. It now faces a busy week with the rate decision standing out. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. New Zealand’s employment report was mixed. On one hand, employment advanced as expected and the participation rate topped 70%, an outstanding figure. However, the unemployment rate rose to 5.2% and more importantly, the labor cost index fell short of projections by increasing by only 0.4% quarter over quarter. In the US, things looked worse with Trump continuing his messy behavior and not providing any fiscal…

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The New Zealand dollar had a positive week, enjoying the beat in CPI. The upcoming week features the jobs report among other figures. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. New Zealand’s consumer price index rose by 0.4% in Q4, stronger than 0.3% that had been expected. This limits the scope for rate cuts. Credit Card Spending also saw a solid rise of 0.4%. In the US, Trump’s first week in the White House was quite busy. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: Trade Balance: Sunday, 21:45. New Zealand saw a wider than projected trade…

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The New Zealand dollar remained relatively stable amid stable milk prices. The upcoming week features the quarterly inflation report as well as a speech from Governor Wheeler. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Milk prices were surprisingly stable in the most recent bi-weekly auction: the GDT Price Index rose by 0.6%. US indicators also experienced stability with CPI coming out exactly as expected. The reaction to Trump’s inauguration has not been seen in full. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: Credit Card Spending: Wednesday, 2:00. With retail sales published only on a quarterly…

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The New Zealand dollar had an interesting week, rising on USD weakness. The upcoming week is already packed with events. The milk auction stands out. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The US dollar resumed its rise following the NFP, but the kiwi held its ground. The greenback then tumbled down on the Donald Disappointment. The President-Elect failed to mention fiscal stimulus in his press conference while he did talk down pharma companies and demanded that companies stay in the US. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: FPI: Sunday, 21:45. The Food…

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